The pound has been completing a strong impulse wave towards the downside since last summer. The first wave completed in October, and the second wave completed the next month. Since then, we have been moving through the 3rd wave, which I believe has just completed at the 1.422 support level. So naturally, The 4th wave will have to correct to at least 1.486, if not higher, but more than likely the resistance will occur at about 1.524. As a result, I went long @ 1.442, with SL @ 1.4175, and TP @ 1.5175. And here is a pretty diagram I made to complement the trade:
